Sunset Island Group Inc (SIGO)

[penknee]

From the 10Q

No mention of TJ or the transaction with BMG group where he and Val sold a bunch of shares.

No revenues, none! Shareholders are paying the costs of the grow but getting zero revenue. What happened to the sales before 10/31/2017, and after, when VBF switched to a for profit company, and why were there no sales after legalization?

Quite a bit more debt than they told us about in earlier filings. Someone paid just $.10 per share in October of 2017, when the shares were worth $.60.

“During the three months ended January 31, 2018, the Company issued various 5% notes to a related party, for gross proceeds of $99,200. The notes are due on December 31, 2019. The notes accrue interest at 0% for the initial nine months and then 5% on annual rate thereafter.
 
During the three months ended January 31, 2018, the Company issued 500,000 shares of common stock for $50,000 recorded as subscription received at October 31, 2017.

On February 28, 2018, the Company issued 360,006 shares of common stock to Greg Tucker for consulting services. The shares were cancelled on July 18, 2018.”


Lease is up soon, will SIGO even have a grow site?
 
“On March 1, 2017, the Company executed a lease for 12,000 square feet green house space and 1,000 square of warehouse space expiring March 31, 2020. The monthly lease is $7,000 per month. During the three months ended January 31, 2018, we incurred total lease expenses of $54,930.”